5329-5333 Agnes Ave - Apartments FOR SALE


Valley Village, CA 91607 | 
$3,200,000 USD
310-270-8423
5329-5333 Agnes Ave, Valley Village, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/29
null | 5.66% Cap Rate

5329-5333 Agnes Ave
Valley Village, CA 91607


HIGHLIGHTS

  • Very Desirable Valley Village Location Adjacent to Studio City, NoHo Arts District & Sherman Oaks
  • Excellent Unit Mix - (8) 2-Bedroom/2-Bath units, (2) 2-Bedroom/1.5-Bath Townhomes & (6) Studio Units
  • Two Side by Side 8 Unit Buildings on Two Seperate Parcels
  • No Onsite Manager Required!
  • Walk Score of 87! Very Walkable - close proximity to a myriad of Fine Dining, Shopping & Entertainment Options
  • Ability to Add 4 ADU's - Large 13,000 SF Lpot

OVERVIEW

5329–5333 Agnes Avenue presents a rare opportunity to acquire 16 units across two side-by-side 8-unit apartment buildings situated on two separate parcels in the heart of Valley Village, one of the San Fernando Valley’s most desirable and supply-constrained rental markets. The properties sit on a combined 13,009 SF double lot and contain approximately 11,972 SF of rentable building area. The attractive unit mix consists of eight 2-bedroom/2-bath units, two 2-bedroom/1.5-bath townhomes, and six studio units, offering a strong blend of larger floor plans and efficiently designed units that appeal to a broad tenant base. The offering provides a compelling value-add opportunity, with approximately 43% upside in existing rents. A savvy investor has the ability to improve the properties over time, renovate units as they become available, and capture significant rental growth in an increasingly desirable Valley Village submarket. Further enhancing the investment potential is the opportunity to potentially add up to four ADUs, creating an additional avenue for increasing unit count, rental income, and long-term property value. With 16 existing units, substantial rental upside, two separate parcels, a large double lot, and additional development potential, 5329–5333 Agnes Avenue offers investors a unique combination of current income, value-add potential, and long-term appreciation in a highly sought-after Los Angeles rental market.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

16

PRICE/UNIT

$200,000

CAP RATE

5.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD1.5

APN/PARCEL ID

2348-016-035,2348-016-036

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.